How Much Can I Borrow?

We provide loans from £500 to £25,000.

The amount of money you can borrow depends on the value of your car / vehicle and how much you can comfortably afford to repay – the higher the value of your car, the more money you can potentially borrow but you must be able to afford the cost of the loan repayments in order to have your application approved. If you cannot get approval for your initial loan amount we may be able to offer you a smaller loan with more affordable repayments.

What are Logbook Loans…?

Logbook loans are a convenient way of borrowing money that use your car or vehicle as security. Using your car as security allows you to get a better interest rate compared to some other forms of credit.

Loans are secured against cars / vehicles using a document called a “Bill of Sale”. A Bill of Sale allows you to keep possession of your car while you repay the loan – we simply keep hold of the car’s logbook.

The amount you will be able to borrow will be dictated by how much you can comfortably afford to repay each month. The value of the vehicle being used as security also affects the amount that you can borrow.

Who are Mobile Money…?

We are the longest established logbook loans company in the UK† with over 19 years’ experience. Mobile Money are authorised and regulated by the Financial Conduct Authority (FCA) and we always make certain that every loan we provide is suitable and affordable for the customer. As members of the Consumer Credit Trade Association we operate by a strict code of practice and we only lend responsibly. Read More…

What is a “Bill of Sale”?

If you use your car as security you will be required to sign a document known as a “Bill of Sale”. The “Bill of Sale” document is what gives a lender security over your vehicle and means that they are technically the vehicle’s legal owner until you have repaid your loan. As a result of this we do not need a court order to repossess your vehicle if you do not keep up your repayments. For further details about the “Bill of Sale” click here.

Get your free quote today

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189.9% APR Representative

If you borrow £1,000 over 18 months at an interest rate of 111.3% per annum (fixed)

you will make 18 monthly payments of £116.31 with a total amount payable of £2093.58.

REMEMBER: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. YOUR VEHICLE MAY BE REPOSSESSED IF YOU DO NOT
KEEP UP THE REPAYMENTS ON YOUR LOGBOOK LOAN.